PV Inverter Market Share 2021 Growth Challenges, Opportunities and Future Trends 2027

The global PV inverter market is anticipated to grow at a considerable CAGR of 8.5% during the forecast period (2021-2027). Factor such as supportive government initiatives for PV inverters in the market is favoring the growth of the market over the forecast period. In emerging nations such as India, both the Central Government and State Nodal Agencies (SNAs) are offering subsidy schemes to the people for installing rooftop PV systems. This encourages people to exploit renewable energy and to cut their electricity bills. Though the upfront cost of installation of a rooftop PV system is high, it is inexpensive in the long run when compared to electric generators. Once rooftop PV systems are installed, they don’t need any other expenses as they use solar energy instead of fossil fuels. 

To Request a Sample of our Report on PV Inverter Market:  https://www.omrglobal.com/industry-reports/pv-inverter-market

According to the Ministry of New and Renewable Energy, the Central Government pays 30% of the benchmarked installation cost for rooftop PV systems. However, this subsidy scheme is applicable for institutional, residential, and social sectors. However, it is not applicable to the commercial sector, industrial sector, and public sector undertakings. For instance, according to the India brand equity foundation, to encourage domestic production, customs duty on solar inverters has been increased from 5% to 20%, and on solar lanterns from 5% to 15%.

Market Coverage

•             The market number available for – 2020-2027

•             Base year- 2020

•             Forecast period- 2021-2027

Segment Covered- 

·        By Product 

·        By Connection Type

·        By End-User

Regions Covered-

·        North America

·        Europe

·        Asia-Pacific

·        Rest of the World

Competitive Landscape- including ABB ltd., Enphase Energy, Inc., Renesola Zhejiang Ltd., SolarEdge Technologies Ltd., Delta Electronics Ltd., Seimens AG, Ginglong Technologies Co. Ltd., and others.

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A full Report of PV Inverter Market is Available @ https://www.omrglobal.com/industry-reports/pv-inverter-market

Global PV Inverter Market Report Segment

By Product 

·                  Central Plant Inverter System 

·                  String Inverter System

·                  Multi-String Inverter System

·                  Microgrid Inverter System

By Connection Type

·                  On-Grid PV Inverter

·                  Off-Grid PV Inverter

By End-User

·                  Residential 

·                  Non-Residential 

Global PV Inverter Market Report Segment by Region

North America

·        United States

·        Canada

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

·        Latin America 

·        Middle East & Africa

Company Profiles 

·        Chilicon Power, LLC.

·        Delta Electronics, Inc.

·        Eaton Corp. Plc

·        Emerson Electric Co.

·        Fimer Group

·        Fronius International GmbH

·        Ginglong Technologies Co., Ltd.

·        Hitachi Hi-Rel Power Electronics Pvt Ltd. 

·        Huawei Technologies Co., Ltd.

·        KACO new energy GmbH

·        Omran Corp.

·        Power-One Micro Systems Pvt. Ltd.

·        Seimens AG

·        Sening Electric Co. Ltd.

·        Shenzhen Growatt New Energy Co., Ltd.

·        SMA solar technology AG

·        Sungrow Power Supply Co., Ltd.

·        TDK Corp.

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

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